SEQ OF NUEVO ROAD & MURRIETA ROAD PERRIS, CA

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1 Conditionally Approved 429 Unit Senior Care Project Single Family Residential Zoning 10,000 Square Foot Minimum Lot Size Potential to Amend Specific Plan Overlay to Allow for Apartments SUBMIT ALL OFFERS Copper Creek Intersection and Road Recently Widend and Improved Avelina by Nuevo Rd 308 New SFR s Perris High School Metz Perris Blvd Panther Redlands Ave Subject Property Sky View Elementary Murrieta Rd Patriot N

2 PAGE CONTENT 3 AERIAL 4 LOCATION MAP 5 PROPERTY INFO 6 DOCUMENT LINKS 7 PLAT MAP 8 SENIOR SITE PLAN 9 SALE COMPARABLES Subject Property E Nuevo Rd Murrieta Rd No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 AERIAL CrossFit Perris Copper Creek Intersection and Road Recently Widend and Improved Avelina by E Nuevo Rd Subject Property 308 New SFR s Perris High School Panther Redlands Ave Murrieta Rd Sky View Elementary School Metz Boys & Girls Club Foss Field Perris City Hall & Bob Glass Gym Perris Blvd Perris City Police Dept. Palms Elementary School E San Jacinto Ave Bob Long Patriot 3

4 LOCATION MAP CORONA RIVERSIDE MORENO VALLEY LAKE PERRIS BANNING LAKE MATTHEWS LAKEVIEW PERRIS SUBJECT PROPERTY SAN JACINTO HEMET 243 MENIFEE Orange Ave LAKE ELSINORE N Perris Ave Redlands Ave E Nuevo Rd Murrieta Rd SUBJECT PROPERTY San Jacinto Ave 4

5 PROPERTY INFO LOCATION: JURISDICTION: The property is located at the southeast quadrant of Nuevo Road and Murrieta Road in the City of Perris, County of Riverside. Positioned approximately 1 1/3 miles east of Interstate 215, this site is ideally suited for residential or senior care development on one of Perris major arterial roads, near substantial new residential development. With excellent ingress/egress accessibility and street visibility, this site presents developers, builders, and investors with both a current development and land banking opportunity. City of Perris APN: ACREAGE: TOPOGRAPHY: DIMENSIONS: ZONING: MINIMUM LOT SIZE: Acres Gross Flat Approximately 635 x 1,325 (Gross) R-10,000 (Single Family Residential) with a conditionally approved senior housing overlay for 429 units 10,000 SF MAX HEIGHT: 35 PROJECT STATUS: TRAFFIC COUNTS: Conditionally approved for 429 unit senior housing facility Nuevo Road at Redlands Avenue 15,000 ADT SERVICES Water/Sewer City of Perris Electricity Southern California Edison Gas SoCal Gas Company Fire Perris Fire Dept. Police Perris Police Dept. SCHOOL DISTRICT: SALE PRICE: Perris Elementary and Perris Union High SUBMIT ALL OFFERS 5

6 DOCUMENT LINKS CLICK LINKS BELOW TO VIEW DOCUMENTS AIR QUALITY ASSESSMENT ALTA SURVEY CITY OF PERRIS APPLICATION FILES FEMA MAP FLOOD CONTROL DISTRICT CONDITIONS FLOOD PLAIN COMMENTS INITIAL PROJECT STUDY LAND USE ELEMENT - GENERAL PLAN MARCH RESERVE BASE DENSITY WAIVER PERRIS - CITY NOTES R-10,000 ZONING CODE ROW SITE WIDTH CHAIN SENIOR HOUSING CONDITIONS OF APPROVAL SENIOR HOUSING MARKET STUDY 6

7 PLAT MAP Limitation of Liability for Informational Report 7

8 SENIOR SITE PLAN 8

9 Murrieta Rd Acres w/ Improvements SOLD Menifee, CA Riverside County SALE COMPARABLES Recorded Buyer: Roman Catholic Bishop Of San Recorded Seller: David Santistevan Bernadino 1201 Highland San Bernardino, CA (909) La Jolla Village Dr San Diego, CA (858) Sale Date: Sale Price: $/AC Land Gross: Density: Topography: 07/06/2015 Land Area: $1,625,000 - Full Value Lot Dimensions: $164, ($3.78/SF) Proposed Use: - Level Zoning: Sale Conditions: 9.86 AC (429,502 SF) 365x1302 MultiFamily R-1 - Parcel No: Financing: Comp ID: Down payment of $1,625,000 (100.0%) Research Status: Full Value N Sanderson Ave - Residential Zoned Acreage SOLD Hemet, CA Riverside County Recorded Buyer: Brian Buoye Recorded Seller: Sanderson Senior LLC Walnut St Redlands, CA (909) th St Santa Monica, CA Map Page: Thomas Bros. Guide 810-F6 Sale Date: Sale Price: $/AC Land Gross: Density: Topography: 10/20/2015 Land Area: $1,175,000 - Full Value Lot Dimensions: $293, ($6.73/SF) Proposed Use: N/Av Level Zoning: Sale Conditions: 4.01 AC (174,676 SF) Irregular Hold for Development N/Av - Parcel No: Financing: Comp ID: Research Status: Full Value 9

10 SALE COMPARABLES NEW SINGLE FAMILY RESIDENTIAL Total Total Total Sales Rate Typical Unit Unit Min Price / Max Price / Units Units Remainin Sales (Last 3 Project Name Builder Name City Open Date Lot Size Size Min Size Max MinPrice MaxPrice SF SF Planned Sold g Rate Months) Zip Code Acacia at Mahogany Hills KB Home Menifee 3/15/2014 7,200 2,343 2,894 $ 380,990 $ 405,990 $ $ Alasia Meritage Homes Menifee 9/19/2015 9,200 2,386 3,438 $ 373,990 $ 414,990 $ $ Carmel at Heritage Lake CalAtlantic Homes Menifee 7/15/2014 8,500 2,320 2,998 $ 378,440 $ 398,430 $ $ Cottonwood at Pacific Mayfield Pacific Communities Menifee 1/1/2007 6,500 2,008 4,651 $ 357,990 $ 456,990 $ $ Horseshoe Ridge at Audie Murphy Richmond American Homes Menifee 8/8/2014 8,400 2,805 3,850 $ 400,990 $ 444,990 $ $ Jasper Place Frontier Communities Menifee 2/14/2016 8,000 1,820 2,457 $ 308,490 $ 390,740 $ $ Marigold Woodside Homes Menifee 10/18/2014 7,200 2,310 2,922 $ 366,060 $ 449,990 $ $ Menifee Hills Lennar Menifee 11/4/2014 7,500 2,033 3,404 $ 367,990 $ 420,490 $ $ Newbridge at Heritage Lake CalAtlantic Homes Menifee 7/2/2014 8,500 2,785 3,766 $ 417,450 $ 463,915 $ $ Province Brookfield Residential Menifee 4/30/2016 8,000 2,949 3,488 $ 421,000 $ 457,500 $ $ Remington at Audie Murphy Ranch Woodside Homes Menifee 10/25/2014 7,500 2,351 3,199 $ 420,450 $ 444,260 $ $ Silvercreek at Audie Murphy Ranch KB Home Menifee 3/21/2015 7,500 1,430 2,697 $ 315,990 $ 366,990 $ $ Estancia Frontier Communities Moreno Valley 10/1/ ,000 2,708 3,524 $ 374,990 $ 418,390 $ $ Pacific Willow Pacific Communities Moreno Valley 6/20/2015 9,000 2,733 4,163 $ 391,990 $ 443,990 $ $ Savannah RSI Communities Moreno Valley 8/16/ ,500 1,988 3,133 $ 304,990 $ 363,990 $ $ Avelina Pulte Homes Perris 10/30/2014 6,500 1,959 3,286 $ 306,990 $ 368,990 $ $ Cabrillo at Monument KB Home Perris 9/1/2013 5,400 1,848 2,937 $ 299,000 $ 407,000 $ $ SteepleChase Richmond American Homes Perris 5/10/2014 8,000 2,320 3,464 $ 329,990 $ 368,990 $ $

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